- Junior
- Optionales Büro in El Paso
Are you passionate about making a positive impact in the community you live in? Do you want to be on the forefront of paving the way to financial freedom for the members we serve? At GECU, our Core Values drive our Culture: Advocate, Integrity, Accountable, Dedicated and Passionate. Come grow your career with an award- winning team!
This position is a job family; there are four levels.
BASIC RESPONSIBILITIES
Responsible for ensuring compliance with the Bank Secrecy Act (BSA), the Money Laundering Control Act (MLCA) for Anti Money Laundering Act (AML) addressing Money Laundering and the Countering the Financing of Terrorism (CFT), the Member Identification Program (MIP) of the USA Patriot Act and the regulations and requirements of the National Credit Union Administration (NCUA) – Part 748 by completing the daily duties of the credit union’s BSA/AML/CFT/MIP/OFAC Program to protect the credit union and its members from the imposition and undue risk of penalties, fines and enforcement actions from regulatory agencies.
TYPICAL DUTIES
Gathers and organizes data for the annual BSA/AML/CFT/MIP/OFAC Risk Assessment.
Produces and maintains various reports using the credit union’s anti-money laundering system to facilitate detection of suspicious activity and reportable transactions.
Identifies and researches potentially unusual or suspicious transactions/activities through analysis of internal systems, AML databases, communication with credit union personnel, etc.
Reviews system generated reports (alerts) and clears or identifies potentially unusual or suspicious activity that require additional review.
Conducts reviews on BSA logs that include members or accounts that have been identified to have potential unusual or suspicious activity to meet monitoring regulatory requirements.
Conducts a review of business generated account questionnaires to determine accuracy and completion in BSA system to meet regulatory requirements.
Prepares, submits and files approved Suspicious Activity Reports (SARs) within required timeframes in accordance with applicable laws.
Detects reportable individual and aggregate cash transactions through use of automated reports and employee referrals.
Prepares and files Currency Transaction Reports (CTRs) within required timeframes in accordance with applicable laws.
Maintains documentation for CTR Exempt entities.
Conducts FinCEN 314(a) searches and identify positive matches within required timeframes in accordance with applicable laws.
Communicates with members to obtain necessary information regarding expected account activity as deemed necessary.
Gathers and organizes data for annual BSA/AML/CFT/MIP/OFAC independent assessment.
Prepares monthly reports for the Board of Directors regarding SARs filed, CTRs filed, OFAC SDN List matches and departmental training.
Completes OFAC scans not completed by frontline such as entire membership, ACH transactions, incoming wires, etc.
Blocks/rejects prohibited transactions and prepare related reports as required by applicable laws.
Ensures retention of required BSA/AML/CFT/MIP/OFAC records in accordance with applicable law.
Provides support to frontline staff regarding BSA/AML/CFT/MIP and OFAC policies and procedures during operating hours.
Attends in-house classes to gain knowledge of credit union operating systems, products and services and attends local and non-local educational training BSA/AML/CFT/MIP and OFAC state and federal laws and regulations.
Participates in BSA compliance training sessions conducted by the Training Department.
Maintain and understand compliance to ensure that work complies with GECU’s established policies, procedures and applicable regulations, to include Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML) addressing Money Laundering and the Countering the Financing of Terrorism (CFT), Member Identification Program (MIP), and Office of Foreign Asset Control (OFAC).
Maintains user access for BSA/OFAC compliance systems.
Maintains high level of confidentiality.
Other duties may be assigned or required in connection with the general operation of the credit union
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